Sec. 371.255. REVOCATION OR SUSPENSION OF PAWNSHOP EMPLOYEE LICENSE. After notice and hearing, the commissioner may revoke or suspend a pawnshop employee license if the commissioner finds that:
(1) the license holder knowingly or recklessly violated this chapter or a rule adopted or order issued under this chapter;
(2) a fact or condition exists that, if it had existed or had been known to exist at the time of the original license application, clearly would have justified refusal to issue the license; or
(3) the business repute and general fitness of the license holder do not warrant belief that the license holder will operate the business lawfully and fairly within the provisions of this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 80, eff. September 1, 2019.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subchapter F. License Revocation, Suspension, and Surrender
Section 371.251. Revocation or Suspension of Pawnshop License
Section 371.252. Effect of Revocation, Suspension, or Surrender of Pawnshop License
Section 371.253. Notice of Revocation
Section 371.254. Redemption of Goods After License Revocation or Suspension
Section 371.255. Revocation or Suspension of Pawnshop Employee License
Section 371.257. Surrender of License